Receiptor AI is an AI-powered tool designed to automate the process of receipt and invoice extraction from emails. This tool identifies emails containing receipts, attached receipts or links to receipts and extracts the crucial details such as purchase amounts, categories, dispute deadlines, and more.

Furthermore, it categorizes these documents for efficient organization and management. It features the capabilities to go back and analyze entire email history to gather and organize missed invoices or receipts from previous years.

Beyond extraction, Receiptor AI also integrates with popular expense management systems such as Xero, QuickBooks, and Expensify to streamline financial tracking.

It offers multiple export formats and supports multi-language extraction, making it a versatile tool for international businesses. An additional layer of precision is provided through intelligent contextual categorization, which automates transaction classification based on actual purchase details rather than just keywords.

Across diverse industries and varied roles from academic researchers, digital nomads, to e-commerce operators, Receiptor AI provides efficient receipt management, easing the burden of financial tracking and accounting.

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Receiptor was manually vetted by our editorial team and was first featured on June 12th 2023.

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Pros and Cons

Pros

Extracts receipts from emails

Invoices extraction from emails

Retroactive email analysis

Secure data handling

Automated process

Exports to accounting software

Captures crucial details

Creates accountant-ready reports

Multi-account email monitoring

Real-time expense analytics

Multi-format exports

Automatic receipt identification

Comprehensive information extraction

Supports multiple languages

Intelligent contextual categorization

Useful across diverse industries

Enhancements for accounting services

Efficient receipt management

Automates transaction categorization

Facilitates efficient bookkeeping

Applicable for varied roles

Streamlines expense tracking

Eases financial tracking

Integrates with expense management systems

Exports reports in CSV, PDF

Dynamic graphs and charts visualization

Supports invoice, receipt extraction in multiple languages

Automated receipt extraction and management

Adheres to Google API Services User Data Policy

Successfully completed Cloud Application Security Assessment

Subscriptions for users' email volumes

Automates transaction classification based on purchase details

Real-time tracking of receipts and invoices

Offering insights faster than traditional accounting methods

Automate inventory management

Cons

Doesn't function without internet

Relies heavily on email

No mobile app available

Non-contextual categorization issues

Limited accounting software integrations

Pricing based on email volume

Language support may be limited

Possible false positives/negatives

Doesn't support all email providers

Q&A

What is Receiptor.ai?

Receiptor.ai is an AI-powered tool that provides automated receipt and invoice extraction from emails. The tool connects with a user's email inbox and autonomously recognizes, extracts, and categorizes receipts and invoices. It transforms these documents into PDF format and exports them to the user's accounting software. It's designed for a broad user base, including individuals preparing tax returns, small business owners, and accountants.

What tasks are automated by Receiptor.ai?

Receiptor.ai automates the tasks of receipt and invoice extraction from emails. This encompasses identifying emails containing receipts, extracting pertinent information such as purchase amounts, categories, dispute deadlines, and categorizing these transactions. Moreover, it translates the data into PDF format for easy export to accounting software.

How does Receiptor.ai recognize and extract receipts from emails?

Receiptor.ai interfaces with the user's email inbox and utilizes AI technology to identify emails that contain receipts, attached receipts, or links to receipts. Following their identification, the tool extracts crucial information such as purchase amounts, categories, and dispute deadlines. This automatic extraction reduces time spent searching manually.

Can Receiptor.ai retroactively analyze my email history?

Yes, Receiptor.ai has the capabilities to retroactively analyze your entire email history. This feature allows the tool to identify and extract crucial receipt or invoice information from emails received in the past, ensuring no financial information is missed.

In what formats can I export reports from Receiptor.ai?

Receiptor.ai allows users to easily export reports in a variety of formats, including both CSV and PDF formats. This flexibility simplifies accounting and financial tracking processes, enhancing overall business efficiency.

What detailed information does Receiptor.ai extract from receipts?

Receiptor.ai extracts detailed information from receipts and invoices, including purchase amounts, categories, and dispute deadlines. It uses intelligent contextual categorization to accurately classify transactions based on the specifics of the purchase, rather than relying solely on keywords.

Can Receiptor.ai help me during tax season?

Yes, Receiptor.ai can significantly assist during tax season. It allows users to instantly generate a spreadsheet with all the necessary financial information. By doing so, it minimizes the chance of missed deductions and saves time in tax preparation.

Who is Receiptor.ai suitable for?

Receiptor.ai is designed to benefit a broad range of users. This includes individuals who are preparing their tax returns, small business owners who need to maintain an organized record of receipts and invoices, accountants who are processing vast amounts of financial data, and many others across diverse industries.

How is the pricing for Receiptor.ai determined?

Receiptor.ai offers plans that vary based on users' email volumes. However, the specific pricing scheme is not stated explicitly on their website.

What security measures does Receiptor.ai have?

Receiptor.ai prioritizes user security with various measures. The tool adheres to Google API Services User Data Policy, and it has passed security assessments including a Cloud Application Security Assessment (CASA) and validation by the App Defense Alliance (ADA). This means the tool aligns with industry-recognized security frameworks.

Does Receiptor.ai offer multi-language support?

Yes, Receiptor.ai supports invoice and receipt extraction in multiple languages. This feature makes it a highly versatile tool for international businesses and non-English speaking users.

Can Receiptor.ai extract invoices as well as receipts?

Yes, Receiptor.ai can extract both invoices and receipts from emails in an automated manner. This includes every invoice and receipt encompassing embedded email transactions such as PayPal and Uber payments.

How does Receiptor.ai integrate with accounting software?

Receiptor.ai integrates smoothly with popular accounting software. Invoices and receipts are automatically categorized with all necessary details filled in and a PDF attached. The integration with accounting software such as Xero, QuickBooks, and Expensify transforms the information into accountant-ready reports or auto-forwards them to the respective system.

Can I use Receiptor.ai for my small business?

Yes, Receiptor.ai is particularly beneficial for small businesses. It streamlines the process of receipt and invoice management by automatically extracting, categorizing, and exporting data to accounting software. This reduces manual effort, improves organization, and allows for more accurate financial tracking.

How can Receiptor.ai help me save time?

Receiptor.ai can help you save significant time by automating the process of receipt and invoice extraction from your emails. It alleviates the need to manually search or download these documents. Moreover, by categorizing the extracted data and integrating it with accounting software, it further quickens the invoicing and financial tracking process.

Does Receiptor.ai offer different plans for different email volumes?

Yes, Receiptor.ai provides different plans matched to users' email volumes. This approach accommodates the varying needs and usage of their diverse user base.

What is the process of Receiptor.ai's automated extraction of receipts/invoices?

The process of Receiptor.ai's automated extraction entails the tool interfacing with a user's email inbox. It identifies emails that contain receipts or invoices, or links to them, and then extracts key details from these documents. This extracted information is then categorized and transformed into PDF or CSV formats for ready export to accounting software.

Which expense management systems can Receiptor.ai integrate with?

Receiptor.ai integrates with popular expense management systems such as Xero, QuickBooks, and Expensify. This seamless integration simplifies the process of financial tracking and streamlines the transition of data between the different platforms.

What is the intelligent contextual categorization feature in Receiptor.ai?

The intelligent contextual categorization feature in Receiptor.ai involves the use of AI technology to categorize transactions based on the specifics of the purchase. This approach moves beyond keyword identification and incorporates a finer level of detail in the categorization process. It can result in more precise financial tracking.

Does Receiptor.ai support extraction in multiple languages?

Yes, Receiptor.ai supports receipt and invoice extraction in multiple languages. The multilingual capability significantly enhances its versatility, making the tool suitable for international business transactions and non-English speaking users.